Extent Information

E1 Pt. VI applies to Scotland only to the extent specified in s. 48

Part VI U.K. Funds in Court

47 Interpretation. U.K.

In this Part—

• “Accountant General” means [F1 in relation to England and Wales, the Accountant General of the Senior Courts and, in relation to Northern Ireland, the Accountant General of the Court of Judicature];

• “the Commissioners” means the National Debt Commissioners;

• “a common investment scheme” means a scheme made under section 42 above;

• “funds” or “funds in court” means—

  (a)

  any money, securities or other investments (including foreign currency and assets) standing or to be placed to the account—

  (i)

  of the Accountant General by virtue of section 38(1) above; or

  (ii)

  of any other person by virtue of rules made under subsection (7) of that section;

  (b)

  any effects deposited with the Accountant General by virtue of section 38(1) above;

  but does not include any statutory deposit referred to in section 40 above.

Textual Amendments

F1 Words in s. 47 substituted (1.10.2009) by Constitutional Reform Act 2005 (c. 4), ss. 59(5), 148(1), Sch. 11 para. 27(3); S.I. 2009/1604, art. 2(d)